An Algorithm for the Crisis-Free Transition of Modern Socioeconomic Systems to the Cyber Economy

Arsen S. Abdulkadyrov and Irina Y. Eremina
Additional contact information
Arsen S. Abdulkadyrov: Federal State Institution of Science Institute of Social and Political Research of the Russian Academy of Sciences
Irina Y. Eremina: Gubkin Russian State University (NIU) of Oil and Gas

A chapter in The Cyber Economy, 2019, pp 215-223 from Springer

Abstract: Abstract Purpose: The purpose of the chapter is to develop an algorithm for the crisis-free transition of the modern socioeconomic systems to cyber economy. Design/methodology/approach: The case method is used to review modern economic systems and to determine the need and readiness for starting the process of a transition to the cyber economy in developed and developing countries. The statistical data of the IMD, the World Bank, and the World Economic Forum as of early 2019 are used. In order to cover both developed and developing countries (ensuring the representativeness of the selection), the authors study the top 10 countries from the first half of the rating (1–10) and the top 10 countries from the second half of the rating (31–40) with regard to digital competitiveness. Findings: It is substantiated that the process of transition of the modern socioeconomic systems to the cyber economy is largely determined by the national specifics. A universal algorithm of a crisis-free transition to the cyber economy is offered. Originality/value: Recommendations are made in the sphere of crisis management for the cyber economy (at its formative stage and in its development and functioning), which conform to the current needs of both developed and developing countries.

Keywords: Crisis management; Crisis-free digital modernization; Socioeconomic systems; Social risks; Economic risks; Ecological risks; Cyber economy; D81; G01; G32; H12; O31; O32; O33; O38 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-31566-5_23

Ordering information: This item can be ordered from
http://www.springer.com/9783030315665

DOI: 10.1007/978-3-030-31566-5_23

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().